Shareholders in the M&G international sovereign bond fund have rejected proposals to broaden the fund’s investment criteria to allow it to hold gilts.
The Government claims to be confident of meeting its revised August 1 start date for Hips although this will now apply only to properties with at least four bedrooms.
LV= has entered into talks to acquire retirement specialists Tomorrow, formerly GE Life, from Swiss Re and will co-brand products from July this year.
The founder of Sipp and wrap consultancy Wealthtime is one of the pioneers in the self-invested pension policy sector and here efforts have helped the Sipp market boom from a niche into a burgeoning and widespread business and she is also a great advocate for wrap platforms but believes many companies could see profitability problems ahead. Interview by Helen Pow.
Standard Life chairman Sir Brian Stewart came under fire from shareholders over the performance of endowment policies at its first annual meeting since demutualisation.Stewart, who retired from his position as chairman following the meeting, described Standard’s results since flotation in July 2006 as “remarkable”, prompting questions from shareholders about why it ditched its much vaunted […]
Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]
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The Federal Deposit Insurance Corporation, a US government agency, has filed a lawsuit against some of the UK’s largest banks over manipulation of Libor, which it argues was skewed against the banks it had to rescue during the financial crisis. The agency has brought a claim against nine banks, including Barclays, Lloyds Banking Group and RBS, in […]
Royal London has defended moving its Ascentric platform to an “all-in” pricing structure earlier this year, saying the decision has paid off with a spike in Sipp accounts. In May, Ascentric moved to a single account charge, ditching trading fees and charges for Sipp and drawdown administration. However, portfolios under £1m are now charged at […]
Drawdown and individual pension sales at Royal London rose by more than 60 per cent in the first half of 2017, but the provider has hit out at the non-advised market for failing to protect customers. In its results this morning, Royal London said that it had seen a particular boost to individual pensions and […]